Bybit is one of the world’s most popular crypto margin exchanges and for good reason – it’s got great security, trust, and a whole range of neat features. That being said, it’s natural to have a look around for other exchanges that might suit you better.
In this guide, we’ll be showing you the top 5 trusted Bybit alternatives.
Phemex is easily the best alternative to Bybit. It’s led by former Morgan Stanley executives, has an extremely clean interface and even provides spot trading as well as up to 100x leverage trades.
The exchange even offers mobile apps for IOS & Android. If you’re looking for an exchange that is just as good as Bybit, then look no further than Phemex.
Want to learn more about the exchange? Check out our full Phemex review.
Backed by Alameda Research, FTX is a crypto exchange built by traders, for traders. With unique crypto contracts and indices with up to 101x leverage, FTX.com comes in at second place on our list of the top Bybit alternatives.
You don’t have to complete KYC checks to sign up, but it is required if you need to withdraw large amounts per day.
Like the other exchanges on this list, FTX has mobile apps for IOS & Android – meaning that you can trade your favorite cryptos with leverage on the go. Check out our detailed FTX review.
BitMEX is the oldest crypto exchange with leverage. They pretty much invented it. The exchange was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed.
Since it’s the oldest, it remains on of the most trusted exchanges.
Features include up to 100x leverage crypto trading, custom order types, daily withdrawals and a lucrative affiliate program.
Like Bybit, PrimeXBT lets you trade cryptocurrencies with leverage and without KYC. It offers up to 100x leverage, mobile apps, and live chat support.
PrimeXBT also has some cool & unique products like Turbo – which lets you trade within seconds and make profit (or lose).
The exchange is trusted in the community, but their trading interface isn’t as easy to navigate as the other exchanges on this list. To learn more, read our comprehensive PrimeXBT review.
StormGain is a crypto trading platform with up to 200x leverage. It’s geared more towards beginners than the other exchanges on this list in my opinion, which is why their fees are a little higher.
They’ve got a good range of cryptos, and make it super easy to trade cryptos.
If you want to learn more about the exchange, check out our full StormGain review.
We hope you found this article helpful in your quest for a good alternative to Bybit. Here’s a quick re-cap;
- Phemex is the best all-round alternative to Bybit ($120 Welcome Bonus + 10% Fee Discount)
- FTX is a professional & advanced alternative to Bybit, best for experienced traders (5% Fee Discount)
- BitMEX is a well-trusted exchange which has plenty of history (10% Fee Discount)
- PrimeXBT is a cool alternative to Bybit that has some neat features (35% Deposit Bonus)
- StormGain is a good alternative to Bybit for beginners, it’s the easiest to use ($25 USD Welcome Bonus)
Enjoy your crypto leverage trading!